a million jobs could be impacted. on capitol hill, -- >> can you each confirm that layoffs are reasonably foreseeable? >> yes, sir. >> yes, sir. >> yes, sir. >> yes, sir. >> the nation's top defense contractors and aerospace companies congressional committee that would have to slash jobs. >> the question is which employees would be terminated? we don't really know. >> if a trillion dollars in automatic cuts goes into effect at the beginning of next year, the process called sequestration. >> this is cosmetic surgery with a chainsaw. >> in a report claims up to 2 million jobs could be lost as a result of the budget cuts with states like california have hardest followed by maryland, florida, pennsylvania and massachusetts. >> it would be bad for the economy and bad for defense. >> lawmakers seem to agree on the impact but disagree over how to stop it from happening.